Franchise

Franchising is a business opportunity that's somewhere between buying an existing business and launching a startup in terms of creativity, independence and risk. A franchisee buys a license from a franchisor to be a dealer of that business model. The owner of the franchise sells a product or service through its franchisees.

In exchange for an initial set-up fee and a monthly payment, the franchisor provides the franchisee a business model, marketing supplies, staff-training assistance, managerial consulting and a pre-existing supply chain. Also, the franchisee benefits from the franchisor's economies of scale, receiving access to prices that a business owner may not otherwise get running a single shop.

There is, in theory, less risk to buying a franchise business than starting a business from scratch because the business model has been tested. Also, as a franchise unit owner, you have a built-in advisory board in the management staff of the umbrella franchise organization. On the downside, you have less creative control over your business as a franchisee than as an independent business owner.

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News and Articles About Franchise

Oreo Biscuits Are the Latest Food Mashup
Mashup

Oreo Biscuits Are the Latest Food Mashup

Atlanta-based Church's Chicken is hopping onto the fast-food mashup bandwagon for the first time.
Kate Taylor
Franchise Owners: Tell Us Your Story
Franchise Players

Franchise Owners: Tell Us Your Story

Some of the best advice for those looking to buy a franchise comes from those who have done it themselves. Here's your chance to help.
Kate Taylor
Helping Cancer Survivors as a Spa Franchisee
Franchise Players

Helping Cancer Survivors as a Spa Franchisee

As a Hand & Stone spa franchisee, Julie Bulatovic spearheaded a program to provide oncology treatments to people with cancer and their families.
Kate Taylor
Will Tesla Have to Franchise?
Legal Center

Will Tesla Have to Franchise?

Elon Musk has hinted that Tesla may be considering a departure from the direct sales model, something industry insiders consider inevitable.
Kate Taylor
Presented by
This Wings-Loving Regular Became a Franchisee to Save His Favorite Restaurant From Closing Up Shop
Franchise Players

This Wings-Loving Regular Became a Franchisee to Save His Favorite Restaurant From Closing Up Shop

When Chad Ragland heard the restaurant's owners were selling their Wild Wing Cafe location, he knew he had to take action.
Kate Taylor
An Artist Opens Up Her Own Paint-and-Sip Franchise
Franchise Players

An Artist Opens Up Her Own Paint-and-Sip Franchise

Working as an artist instructor at a Pinot's Palette studio convinced Emma Harvey to establish her own location.
Kate Taylor
The Big Lessons I Learned From My First Entrepreneurial Job
Entrepreneurs

The Big Lessons I Learned From My First Entrepreneurial Job

A painting enterprise during college provides illuminating insights for a business leader.
Miles Jennings
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Burger King Introduces Another Stomach-Turning Burger in Japan
Burger King

Burger King Introduces Another Stomach-Turning Burger in Japan

A burger topped with berries is the latest of Burger King Japan's bizarre fast food offerings.
Kate Taylor
Why I Left My Fast-Food Operations Job to Open a Franchise of My Own
Franchise Players

Why I Left My Fast-Food Operations Job to Open a Franchise of My Own

After 34 years in the restaurant industry, Bryan Rhodes decided to open his own Window Genie franchise.
Kate Taylor
From Pro Football to Fitness Franchisee
Franchise Players

From Pro Football to Fitness Franchisee

Here's how this former NFL player became a Snap Fitness franchise owner.
Kate Taylor
Why This Startup Co-Founder Became a Franchisee
Franchise Players

Why This Startup Co-Founder Became a Franchisee

One would think raising three kids and acting as CMO for a tech startup would be enough of a challenge, but Riza Ayson wanted more.
Kate Taylor
How I Opened a Franchise With My Future Father-in-Law
Franchise Players

How I Opened a Franchise With My Future Father-in-Law

At age 26, Paul Dalrymple decided to open a Buffalo's Cafe with a business partner who would eventually become his father-in-law. They now co-own five locations.
Kate Taylor
Family of Restaurateurs Sign On as Senior Care Franchisees
Franchise Players

Family of Restaurateurs Sign On as Senior Care Franchisees

The Savoie family serves their community through entrepreneurship, whether they are running restaurants or operating Executive Care franchises.
Kate Taylor
Why It's Key for Franchisees to Have an Exit Strategy
Franchise

Why It's Key for Franchisees to Have an Exit Strategy

You may not realize it when you buy a franchise, but franchising is a journey. And, every journey must eventually come to an end.
Joel Hall